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> Are you suggesting that the WSJ is totally off base by drawing the conclusion that pressure from TCI, via this letter, is not the cause of the restructuring?
by joshuamorton 4y ago
> Are you suggesting that the WSJ is totally off base by drawing the conclusion that pressure from TCI, via this letter, is not the cause of the restructuring?
Yes. In fact its off base enough that I don't think they actually make that claim in the article.
TCI holds something like .5% of alphabet market cap, that's less than is held by multiple individual human investors in Google, and likely less than rank-and-file employees hold collectively. It'd be weird to pay any attention to such a group.
- AndrewKemendo 4y agoSo then who is the pressure coming from?
- nwiswell 4y agoThe parent is suggesting that this is simply a sensible business move and the pressure is irrelevant.
- joshuamorton 4y agoGoogle isn't responding to pressure. Like perhaps there is a pressure to fire people, but Google isn't firing anyone, so they are pretty clearly ignoring said pressure.
- compiler-guy 4y agoGeneral economic conditions--many companies thought that the pandemic bump would last forever and planned spending that way. It hasn't, so they adjust spending. It doesn't take an activist investor or outside consultants or anything to look at your numbers and the trendline, and then decide to adjust your business according to what you see.